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ABSENT: Amezcua (1) <br />65D. AGENDA ITEM TAKEN OUT OF ORDER <br />PUBLIC HEARINGS <br />75A. RESOLUTION APPROVING THE ISSUANCE OF TAX-EXEMPT <br />OBLIGATIONS AND AUTHORIZATION TO APPROVE JOINT EXERCISE OF <br />POWERS AGREEMENT - GUEST HOUSE APARTMENTS PROJECT <br />LOCATED AT 2151 EAST FIRST STREET {STRATEGIC PLAN NO. 5, 3) - <br />Community Development Agency <br />Legal Notice published in the Orange County Reporter January 4, 2016. <br />Mayor Pulido opened the Hearing. There were no speakers and the Hearing <br />closed. <br />MOTION: <br />1. Adopt a resolution. <br />RESOLUTION NO. 2016-007 — A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA APPROVING THE ISSUANCE BY THE <br />CALIFORNIA PUBLIC FINANCE AUTHORITY OF MULTIFAMILY HOUSING <br />REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO <br />EXCEED $15,000,000 FOR THE PURPOSE OF FINANCING OR <br />REFINANCING THE ACQUISITION AND REHABILITATION OF GUEST <br />HOUSE APARTMENTS AND CERTAIN OTHER MATTERS RELATING <br />THERETO, AND AUTHORIZING THE EXECUTION OF THE JOINT <br />EXERCISE OF POWERS AGREEMENT RELATING TO THE CALIFORNIA <br />PUBLIC FINANCE AUTHORITY TO BECOME AN ADDITIONAL MEMBER <br />FOR THE PURPOSE OF APPROVING BONDS FOR THE GUEST HOUSE <br />APARTMENTS PROJECT LOCATED AT 2151 EAST FIRST STREET, <br />SANTA ANA <br />2. AGMT NO. 2016-014 - Authorize the City Manager and Clerk of the <br />Council to execute a Joint Exercise of Powers Agreement relating to <br />the California Public Finance Authority to serve as the municipal issuer <br />of the bonds for the purpose of approving bonds for the Guest House <br />Apartment Project, subject to non -substantive changes approved by <br />the City Manager and City Attorney. <br />MOTION: Martinez SECOND: Sarmiento <br />VOTE: AYES: Benavides, Martinez, Pulido, Reyna, Tinajero, <br />Sarmiento (6) <br />CITY COUNCIL MINUTES 23 JANUARY 19, 2016 <br />